Successful outcome of the first aid initiative for the victims of the microcredit institutions in India
I organised the aid initiative prompted by a programme by “Weltspiegel” on the German television channel ARD on 30th January 2011 about the victims of the microcredit industry in Andhra Pradesh in India.
Dear friends, together we have achieved something fantastic!
The aid initiative in Andhra Pradesh in India got off to a good start. Up to the middle of January donations were being paid into my account. I was able to account for it all, and the total including my share came to 4,435 €! Much much more than I had expected. Your feedback was fantastic and I received many emails expressing support and real concern for the issue.
I took my flight to India at the end of December. During most of January I was waiting for emails from the ARD correspondent, looking for someone to accompany me on my upcoming trip, comparing exchange rates, and learning about the whole subject from well-informed Indians. On 31st January I eventually set off for Warangal, alone and with a case full of money. ARD India had put me in contact with Professor K. Venkatanarayana, from the Department of Economics at the Kakatiya University, Warangal. He lives on-site with his wife and has already brought film teams and journalists together with those affected. With typical Indian hospitality, he and his wife welcomed me with open arms, and I gladly accepted their offer to stay in their home. (more…)